overbought rsi. static resistance fibonacci. short position.
In the Ichimoku indicator, the present cloud is red and in the future cloud, a valley is formed. In the Rsi indicator, the line is in red zone. The price is closer to the resistance trend line.
There is still a chance to have a short position with a decent profit. Routes 1 and 2 are most likely to occur.
If the 47,000 resistance breaks, the price could fall to various Fibonacci levels.
Dodge has the potential to rise if the triangle pattern is completed and the bitcoin trend continues.
Bitcoin is bearsih in the short term. It candupmn to 46600 and 43300 levels.
This is the bitcoin route to reach ATH. This analysis will no longer be valid if the price stabilizes above 50,000 or stabilizes below 42,000.